Toronto-based Mavrix Fund Management Inc. has announced fee changes to its Mavrix Strategic Bond Fund. Effective April 14, the management fee is reduced to 1.00% and the administration fee is reduced to 0.25%, effectively creating an MER of 1.34% (that’s 1.25% plus GST). Trailing commissions remain the same. The company says it has developed “sufficient scale” to enable the more competitive fee structure. “For fixed-income investors, we know that a penny saved is indeed a penny earned, so the reduction will benefit existing and new unit holders of the fund going forward,” says Mavrix president and CEO Malvin Spooner.